Regulatory Capture Is an Idea That Fits Well with the Private

question 74

True/False

Regulatory capture is an idea that fits well with the private interest model.

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Definitions:

Partial Performance

An exception to the statute of frauds in which the performance of portions of an unwritten agreement by one or both parties can constitute proof that an oral contract exists between the parties.

Significant Performance

A legal concept in contract law indicating that a party has fulfilled enough of its contractual obligations to warrant payment.

Express Conditions

Clearly stated stipulations in a contract that must be met for contractual obligations to be performed or for certain outcomes to take place.

Discharge

The completion, termination or nullification of a legal obligation or duty.